Dividend Growth Stocks Week in Review for December 16, 2016

CVS Health Corporation announced its 14th year of dividend growth this week.
Photo: Flickr.com/Mike Mozart

Five of nine dividend growth stocks that I track announced dividend increases this week.  Among the announcements, CVS Health led the way with a 18% increase.  Investment manager Franklin Resources also announced a double-digit increase, raising its annual dividend to 80 cents.  REIT Realty Income Corporation continued its monthly payout and announced a small increase to $2.43 a year.  Read on for the details….

S&P 500 Dividend Aristocrats

C. R. Bard, Inc. (BCR)

Industry: Healthcare – Medical Instruments

Dividend Payment: 26 cents per share

Dividend Paid On: 2/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/19/2017

Number of Years of Dividend Increases: 46

Current Forward Yield: 0.47%

 

Franklin Resources, Inc. (BEN)

Industry: Financial – Asset Management

Dividend Payment: 20 cents per share – up 11.1% from prior level of 16 cents

Dividend Paid On: 1/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 35

Current Forward Yield: 2.04%

 

S&P 500 High Yield Dividend Aristocrats

Essex Property Trust (ESS)

Industry: REIT – Residential

Dividend Payment: $1.60 per share

Dividend Paid On: 1/17/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 23

Current Forward Yield: 2.82%

 

John Wiley & Sons, Inc. (JW-A)

Industry: Business Services – Publishing

Dividend Payment: 31 cents per share

Dividend Paid On: 1/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/22

Number of Years of Dividend Increases: 24

Current Forward Yield: 2.24%

 

Realty Income Corporation (O)

Industry: REIT

Dividend Payment: 20.25 cents per share – up 0.2% from prior level of 20.2 cents

Dividend Paid On: 1/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/29

Number of Years of Dividend Increases: 23

Current Forward Yield: 4.38%

 

SEI Investments Company (SEIC)

Industry: Financial – Asset Management

Dividend Payment: 28 cents per share – up 7.7% from prior level of 26 cents

Dividend Paid On: 1/6/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/22

Number of Years of Dividend Increases: 26

Current Forward Yield: 1.15%

 

West Pharmaceutical Services (WST)

Industry: Healthcare – Medical Instruments

Dividend Payment: 13 cents per share

Dividend Paid On: 2/1/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/13/2017

Number of Years of Dividend Increases: 25

Current Forward Yield: 0.61%

 

Other Notable Dividend Increase Announcements

ABM (ABM)

Industry: Business Services

Dividend Payment: 17 cents per share – up 3.0% from prior level of 16.5 cents

Dividend Paid On: 2/6/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/3/2017

Number of Years of Dividend Increases: 51

Current Forward Yield: 1.70%

 

CVS Health Corporation (CVS)

Industry: Healthcare

Dividend Payment: 50 cents per share – up 17.6% from prior level of 42.5 cents

Dividend Paid On: TBD

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): TBD

Number of Years of Dividend Increases: 14

Current Forward Yield: 2.51%

 

Next Week’s Ex-Dividend Stocks

Tuesday, December 20:

None.

Wednesday, December 21:

None.

Thursday, December 22:

SEI Investments Company (SEIC)

John Wiley & Sons, Inc. (JW-A)

Friday, December 23:

None.

Monday, December 26:

Christmas Day Observed – Markets Closed

 

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